Lithium

Noram Lithium Appoints New Chief Executive Officer To Lead Next Stages of Development at Zeus

Noram Lithium Appoints New Chief Executive Officer To Lead Next Stages of Development at Zeus

Noram Lithium Corp. ("Noram" or the "Company") (TSXV:NRM )(OTCQB:NRVTF)(Frankfurt:N7R) announces that, effective immediately, the Board of Directors has appointed Greg McCunn as Chief Executive Officer to lead the Company through the next stages of development at its wholly-owned high grade Zeus Lithium Project in Clayton Valley, Nevada. Noram's Founder and current Chief Executive Officer, Sandy MacDougall, will continue with the Company as Chair of the Board of Directors

"The previous 12 months have been incredibly productive for the Company" stated Mr. MacDougall. "On the back of a positive Preliminary Economic Assessment on the Zeus Project, we started 2022 with a strategic financing that has put the Company in a strong financial position with approximately CAD$14 million in the treasury at calendar year end and no debt. During the year we completed a successful infill drilling program consisting of 12 drill holes which all intersected high-grade lithium over significant lengths, and from which we anticipate a significant conversion of Inferred Resources to Measured and Indicated".

"With the Company now at a critical inflection point, it is the right time to bring in Mr. McCunn as CEO. He is a proven leader with a strong technical background in hydrometallurgical processing. His expertise and experience in mine development will be vital in the continued de-risking of the Zeus Project and re-rating the Company. I am excited to be taking on the roll of Board Chair and have the utmost confidence in Greg and the team to fulfill my vision of developing a world-class lithium project in Nevada".

Greg McCunn brings thirty years of extensive experience in mining in both the base metal and precious metal industries. A Professional Engineer with an MBA, Mr. McCunn has led multiple junior mining companies from the exploration stage through the transition to project development, permitting, financing, construction and into operations. He was formerly the CEO of a number of TSX and NYSE listed public companies including Alio Gold and Galiano Gold and has over a decade of experience as a Chief Financial Officer. As an executive, he has raised over $600 million in equity and debt financing from the Canadian and US capital markets, completed over $1 billion in merger and acquisition transactions, and put three mines into production on three different continents.

About Noram Lithium Corp.
Noram Lithium Corp. (TSXV:NRM| OTCQB:NRVTF | Frankfurt:N7R) is a well-financed Canadian based advanced Lithium development stage company with less than 90 million shares issued and a fully funded treasury. Noram is aggressively advancing its Zeus Lithium Project in Nevada from the development-stage level through the completion of a Pre-Feasibility Study.

The Company's flagship asset is the Zeus Lithium Project, located in Clayton Valley, Nevada. The Zeus Project contains a current 43-101 measured and indicated resource estimate* of 363 million tonnes grading 923 ppm lithium, and an inferred resource of 827 million tonnes grading 884 ppm lithium utilizing a 400 ppm Li cut-off. In December 2021, a robust PEA** indicated an After-Tax NPV (8%) of US$1.3 Billion and IRR of 31% using US$9,500/tonne Lithium Carbonate Equivalent (LCE). Using the LCE long term forecast of US$14,250/tonne, the PEA indicates an After-Tax NPV (8%) of approximately US$2.67 Billion and an IRR of 52%.

Please visit our web site for further information: www.noramlithiumcorp.com.

ON BEHALF OF THE BOARD OF DIRECTORS
Sandy MacDougall
Chairman
C: 778.999.2159

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes statements regarding, among other things, the completion of a pre-feasibility study and ongoing development at the Zeus Lithium Project. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, regulatory approval processes. Although Noram believes that the assumptions used in preparing the forward-looking information in this news release are reasonable, including that all necessary regulatory approvals will be obtained in a timely manner, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Noram disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable securities laws.

*Updated Lithium Mineral Resource Estimate, Zeus Project, Clayton Valley, Esmeralda County, Nevada, USA (August 2021)

**Preliminary Economic Assessment Zeus Project, ABH Engineering (December 2021).

SOURCE: Noram Lithium Corp.



View source version on accesswire.com:
https://www.accesswire.com/733908/Noram-Lithium-Appoints-New-Chief-Executive-Officer-To-Lead-Next-Stages-of-Development-at-Zeus

News Provided by ACCESSWIRE via QuoteMedia

NRM:CA
The Conversation (0)
Noram Lithium (TSXV:NRM)

Noram Lithium


Keep reading...Show less
Noram Lithium Files NI43-101 Technical Report for Zeus Lithium Project

Noram Lithium Files NI43-101 Technical Report for Zeus Lithium Project

noram lithium corp. ("noram" or the "Company") (TSXV:NRM)(OTCQB:NRVTF)(Frankfurt:N7R) announced today that it has filed on SEDAR a National Instrument 43-101 ("NI 43-101") technical report (the "Report") titled "Updated Resource Estimate Zeus Lithium Project". The technical report supports the updated Mineral Resource Estimate announced on January 30, 2023 and is available for review on both SEDAR (www.sedar.com) and the Company's website (www.noramlithiumcorp.com). There are no material differences in the mineral resources reported in the news release of January 30, 2023 and those described in the report

About noram lithium corp.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Noram Lithium Announces Results From 2023 Annual General Meeting

Noram Lithium Announces Results From 2023 Annual General Meeting

noram lithium corp. ("noram" or the "Company") (TSXV:NRM)(OTCQB:NRVTF)(Frankfurt:N7R) announces that all motions put forward for approval at its 2023 Annual General Meeting held March 14th in Vancouver, British Columbia (the "AGM") were passed

2023 Annual General Meeting Results

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Noram Lithium Announces a Further Metallurgical Test Work Program for the Zeus Lithium Project

Noram Lithium Announces a Further Metallurgical Test Work Program for the Zeus Lithium Project

noram lithium corp. ("noram" or the "Company") (TSXV:NRM)(OTCQB:NRVTF)(Frankfurt:N7R) announces it has initiated a further round of metallurgical testing on mineralized samples from its 100% owned Zeus Lithium Project ("Zeus" or the "Project") in Clayton Valley, Nevada

Following the completion of the Phase VI drill program in May 2022, samples were collected from the Zeus drill core and shipped to Bureau Veritas Laboratories in Richmond, BC. During the period of July 2022 through September 2022, a number of tests were conducted on Zeus samples including: sulphuric acid leaching, hydrochloric acid leaching, roasting, neutralization, impurity removal and solid-liquid separation tests. Based on the test work completed and experience in other industries, the Company has refined the process design for lithium carbonate recovery that is based on known and commercially proven technology.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Noram Lithium Engages SRK Consulting To Optimize Zeus Mine Plan

Noram Lithium Engages SRK Consulting To Optimize Zeus Mine Plan

noram lithium corp. ("noram" or the "Company") (TSXV:NRM | OTCQB:NRVTF | Frankfurt:N7R) announces that is has engaged SRK Consulting (U.S.) Inc. ("SRK") to produce an optimized mine plan for its 100% owned Zeus Lithium Project ("Zeus" or the "Project") in Clayton Valley, Nevada. The optimization study will focus on the high-grade zone of the Zeus deposit, a component of the recently updated Mineral Resource Estimate for the Project (see news release dated January 31, 2023). The high-grade zone at Zeus outcrops at surface and is approximately 60 meters thick x 1.2 kilometers wide x 3.0 kilometers long. The results of the study will form the basis for future technical, operational and economic studies for development and further de-risking of the Project

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
CDN MAVERICK REPORTS ON SUCCESSFUL INVESTMENT IN NORAM: NORAM LITHIUM ANNOUNCES SIGNIFICANT INCREASE IN MINERAL RESOURCES AT THE ZEUS LITHIUM DEPOSIT

CDN MAVERICK REPORTS ON SUCCESSFUL INVESTMENT IN NORAM: NORAM LITHIUM ANNOUNCES SIGNIFICANT INCREASE IN MINERAL RESOURCES AT THE ZEUS LITHIUM DEPOSIT

CDN Maverick Capital Corp. ("Maverick" or the "Company") (CSE: CDN) (OTCQB: AXVEF) ( Frankfurt : 338B ) is pleased to announce an updated on its successful investment in Noram Lithium Corp (TSXV: NRM) (OTCQB: NRVTF) (Frankfurt: N7R) as it announces a significant increase in its estimated mineral resources at the Zeus Lithium Project, following the completion of the Phase VI drill program during the second quarter of 2022 (see Table 1 for the 2022 phase VI drill highlights).

Highlights of the Updated Resource Estimate
  • An increase of 190% in Measured and Indicated ("M&I") lithium carbonate equivalent ("LCE") Resources from the August 2021 Mineral Resource Estimate.
    • M&I Resources increased to 5.17 million tonnes ("Mt") LCE (1, 034 Mt at 941 parts per million lithium ("ppm Li")) at a 400 ppm Li cut-off grade.
  • Substantial Inferred Resources remain from the 2022 Phase VI drill program.
    • Inferred Resources are 1.09 Mt LCE ( 235 Mt at 871 ppm Li) at a 400 ppm Li cut-off grade.
  • Near Surface = Low Strip Ratio. The majority of the deposit occurs at or near the surface, resulting in relatively low mining costs. Results from the Preliminary Economic Study ("PEA") 1 indicate that the life of mine strip ratio would be ~0.07:1 (waste:ore).
  • High level of confidence in the deposit modelled given the density of the drill program with 82 holes drilled to-date. All holes were core holes for more precise sampling and stratigraphic correlations.
  • High grade core (60 meters thick x 1.2 kilometers wide x 3.0 kilometers long) represents an opportunity for optimizing the mine plan. At a 1,200 ppm Li cut-off the Measured and Indicated Resources total 1.2 Mt LCE (169 Mt at 1,326 ppm Li).

"The updated mineral resource estimate, with 82 drill holes completed to-date, highlights that noram's Zeus Lithium Project is exceptionally well positioned in the United States amongst its peer deposits in terms of grade and contained Lithium Carbonate Equivalent," stated Greg McCunn , noram's CEO. "The high-grade core of the deposit outcropping at surface provides a significant opportunity to optimize the project mine plan and enhance value. With a strong treasury and a strengthened technical team, we are expecting to move aggressively in 2023 to further de-risk the project with continued metallurgical testing and completion of a Prefeasibility Study."

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
ION Energy Completes Third Water Well at Urgakh Naran

ION Energy Completes Third Water Well at Urgakh Naran

Ion Energy Limited (TSXV: ION) (OTCQB: IONGF) (FSE: 5YB) ("ION" or the "Company"), Mongolia's first lithium brine explorer and developer, is very pleased to update the market on the progress of the water well drilling at its 100%-owned Urgakh Naran project.

Water well drilling at UNWH-03 has now been completed to a depth of 300m, with a six-inch tricone bit, four-inch steel slotted pipes and gravel packed.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
ACME Lithium Expands Lithium Project at Fish Lake Valley, Nevada, Securing Key Land Position

ACME Lithium Expands Lithium Project at Fish Lake Valley, Nevada, Securing Key Land Position

ACME Lithium Inc. (CSE: ACME) (OTCQX: ACLHF) (the "Company", or "ACME") is pleased to report that the Company has acquired by staking 63 new claims ("FLV 3 Claims") encompassing approximately 1295 acres contiguous to the south and east of the Company's FLV Project located in Fish Lake Valley, Esmeralda County Nevada. With the additional ground, ACME's total number of claims in the area have increased to 207 totaling approximately 4002 acres. These claims are pending final approval from the Bureau of Land Management ("BLM").

Cannot view this image? Visit: https://images.newsfilecorp.com/files/7776/159203_33653bdbc4727bda_002.jpg

Figure 1: FLV Claim Group Map

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
ACME Lithium Inc. to Present at 121 Mining Conference in Las Vegas, Nevada March 28th and 29th

ACME Lithium Inc. to Present at 121 Mining Conference in Las Vegas, Nevada March 28th and 29th

ACME Lithium Inc. (CSE: ACME) (OTCQX: ACLHF) (the "Company", or "ACME") is pleased to announce that President and CEO Steve Hanson will be meeting and presenting to investors at 121 Mining Conference in Las Vegas, Nevada.

The 121 Mining Investment Las Vegas Summit takes place on March 28th and 29th and attracts US and international investors for two days of investment-led panel sessions and CEO presentations.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Brunswick Exploration Begins Drilling at Anatacau West and Kicks off 2023 Exploration Campaign

Brunswick Exploration Begins Drilling at Anatacau West and Kicks off 2023 Exploration Campaign

Brunswick Exploration Inc. (TSX-V: BRW; " BRW " or the " Company ") is pleased to announce that it has begun drilling at the Anatacau West project, located in the Eeyou-Istchee James Bay region of Quebec. A 3,000-metre drill program is targeting the potential eastern extension of Allkem's James Bay lithium deposit in an area that has yet to be drill-tested. The Company is also planning to sample and analyze historical pegmatite-bearing core at the PLEX project prior to the end of the month followed by the start of another drill program at the Hearst Project located in eastern Ontario in early Q2.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Foremost Lithium to Acquire Lac Simard South Property in Quebec Hosting 24 Identified Pegmatites

Foremost Lithium to Acquire Lac Simard South Property in Quebec Hosting 24 Identified Pegmatites

Foremost Lithium Resource & Technology Ltd. (CSE: FAT) (OTCQB: FRRSF) (FSE: F0R0) (WKN: A3DCC8) ("Foremost Lithium", "Foremost" or the "Company") is pleased to announce it has entered into an arm's length property acquisition agreement (the "Property Agreement") to acquire 100% interest in the Lac Simard South property (the "Property") in the Province of Quebec, Canada, consisting of 120 mining claims covering approximately 20,349 acres8,235 hectares (see "Investment Summary" section for payment details). The Property has 24 pegmatites that were identified from satellite imagery. These pegmatites are located approximately 90km southwest from The NAL Lithium Processing Plant (A PiedmontSayona Joint Venture), which just announced it produced its first batch of spodumene concentrate (SC6)1, and 80km southwest of Val-D'or, a logistics hub for mining services. This acquisition increases Foremost's total lithium land holding to an aggregate of 63,380 acres25,649 hectares.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Uranium Energy Corp Appoints Trecia Canty to the Board of Directors

Uranium Energy Corp Appoints Trecia Canty to the Board of Directors

NYSE American: UEC

Uranium Energy Corp (NYSE American: UEC) (the "Company" or "UEC") is pleased to announce the appointment of Trecia Canty to the Company's Board of Directors.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×